SpaceX is now the 6th largest market cap in the world ($2.64T). It is very close to Amazon and even overtook it intraday. Space X is not too far away from #4 Microsoft. What a start...
Source: www.companiesmarketcap.com
OVX (the VIX equivalent for Oil) has almost completely round-tripped the war spike, trading back near pre-conflict levels.
Markets have aggressively removed geopolitical risk premium, even though the region remains far from calm. Volatility is not screamingly cheap, but it offers a relatively inexpensive way to express a directional oil view or simply own gamma should tensions escalate again Source: TME
Announced IPOs have surged amid a wave of AI-driven equity issuance—including record IPOs from SpaceX and expected listings by OpenAI and Anthropic.
Source: @markets The daily shot Bloomberg
2026 YTD
-EM/International Stocks > S&P 500 -Value Stocks > Growth Stocks -Small & Mid Caps > Large Caps -Mag 7 in the Red The Reversal of Everything.... Source: Charlie Bilello
While oil's trajectory dominated most of the headlines, a rough weekend for Dario Amodei left Anthropic's Tokenized Stock down notably on the day...
Source: zerohedge
SpaceX surged to $229.40 on Robinhood, pushing its market cap to over $3 trillion during overnight trading, surpassing both Amazon and Microsoft.
SpaceX is currently trading at $213.59 after hours, up +11% from its closing price. $SPCX is up +58.2% from its IPO price of $135. Source: Bull Theory
SOX is up roughly 18% since the June 9 low.
In just a few sessions, we have gone from the bottom of the range to the top, bouncing off the steep trend line despite briefly trading below the 21-day moving average. The moves have been absolutely brutal. For larger players, reshuffling big books in an environment like this is close to impossible. An 18% move in five sessions in the world's hottest theme is actually crazy when you stop and think about it. Chasing SOX after an 18% rally in five sessions feels a little late. Fading it feels dangerous. Source: TME
Wall Street digests record fundraising haul as AI race intensifies.
Companies have raised roughly $4.7tn across global equity, debt and bank loan markets this year, a record pace, according to data provider LSEG. That figure, up 7% YoY, does not include the spurt of activity in investment-grade private credit markets, which are increasingly being tapped to finance data centres, chips and power plants feeding the AI boom. That included a $35bn debt package cobbled together by Apollo and Blackstone this week for Anthropic. Source: FT, HolgerZ
